Coca-Cola Consolidated, Inc. (COKE) vs PepsiCo, Inc. (PEP)

Coca-Cola Consolidated, Inc. and PepsiCo, Inc. are both Beverages Non Alcoholic companies. PepsiCo, Inc. is the larger, with a market value of $174.5B against $12.7B — 13.8× the size. PepsiCo, Inc. trades at the lower P/E: 16.9× against 25.2×. Coca-Cola Consolidated, Inc. grew revenue faster over the last twelve months: 10.7% against 5.62%. PepsiCo, Inc. has the higher net margin (10.8% vs 7.15%) and the lower return on invested capital (16.6% vs 33.8%). Both pay a dividend; PepsiCo, Inc. yields more (2.84% vs 0.23%). Across the 22 metrics below, Coca-Cola Consolidated, Inc. leads on 13 and PepsiCo, Inc. on 9.

Valuation

Metric COKE PEP Beverages Non Alcoholic median
P/E 25.19 16.86 21.29
P/S 1.65 1.81 1.65
P/B n/m 7.89 4.58
Price to free cash flow 19.65 33.55 20.78
EV/EBITDA 12.22 11.09 11.71
EV/Sales 1.95 2.14 2.05
Earnings yield 3.97% 5.93% 3.53%
Free cash flow yield 5.09% 2.98% 4.40%

Profitability

Metric COKE PEP Beverages Non Alcoholic median
Gross margin 39.11% 53.96% 41.13%
Operating margin 12.97% 14.82% 13.39%
Net margin 7.15% 10.78% 8.35%
Free cash flow margin 8.38% 10.02% 8.38%
Return on equity 97.33% 51.19% 23.98%
Return on assets 11.03% 9.61% 8.96%
Return on invested capital 33.84% 16.57% 14.10%

Growth

Metric COKE PEP Beverages Non Alcoholic median
Revenue growth (TTM) 10.71% 5.62% 10.11%
EPS growth (last fiscal year) (2.01%) (13.67%) —
Revenue growth, 5-year CAGR 7.62% 5.94% 10.75%
Net income growth, 5-year CAGR 27.03% 2.96% 10.26%

Health

Metric COKE PEP Beverages Non Alcoholic median
Debt to equity (5.03) 1.91 0.00
Current ratio 1.21 0.93 1.30
Net debt to EBITDA 2.14 2.09 0.08

Dividend

Metric COKE PEP Beverages Non Alcoholic median
Dividend yield 0.23% 2.84% 3.00%
Payout ratio 0.03 0.83 0.03

Size

Metric COKE PEP Beverages Non Alcoholic median
Market cap 12.65b 174.47b 3.40b

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